Bitcoin Cash has been consistent in its upward move as it broke the resistance line of the descending channel. BCH is likely to face selling pressure at this resistance level.

The sideways moves are ongoing, as Ripple continues to trade between $0.12 and $0.17. Unfortunately, neither the bulls nor the bears have broken the key levels.

Following the last bearish impulse, Ethereum is still consolidating between $100 and $140. At the low of $100, Ether was in the oversold region of the market.

Recently, the US Democrats in the house of Representatives proposed two bills both leading to the creation of a digital version of the USD. The Dems say the bill is meant to empower personal income during the raging COVID-19 Crisis.

In March 2020 Bitcoin price volatility surged to a record high, due to massive sell-offs and panic on the market. However, recent researches of the cryptocurrency show that long term Bitcoin holders, aka Hodlers, are not in a hurry to sell their tokens.

Bitcoin Cash is making a steady upward move after the last bearish impulse. At the low of $140, the bulls have pushed the price back to the high of $240. However, the bulls are finding penetration difficult at the current resistance.